India's Richest People 2026 edition · 1 director · Source: Hurun India
- #893 Yogesh Mahansaria ₹3,300 Cr
Revenue · FY 2025
₹1,605.36 Cr
▲ 22% YoY
Net profit · FY 2025
₹138.99 Cr
Net margin 8.7%
EBITDA · FY 2025
₹249.03 Cr
EBITDA margin 15.5%
Authorised capital
₹350 Cr
Registered with MCA
Paid-up capital
₹324.26 Cr
Issued & subscribed
Open charges
₹1,487.64 Cr
Satisfied ₹80.03 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
340
Provident fund records
About Mahansaria Tyres Private Limited
Data last updated:
Mahansaria Tyres Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 10 September 2014 and has been in existence for over 12 years.
Its director Yogesh Mahansaria is #893 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25111MH2014PTC257968. Its GSTIN is 27AAFCK6222L1ZC (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹350 Cr and a paid-up capital of ₹324.26 Cr. It was formerly known as Astra Tyre Industries Private Limited and Keshav Industrial Ventures Private Limited. It is led by directors including Yogeshkumar Ashokkumar Mahansaria (Managing Director) and Ashokkumar Purushottamdas Mahansaria.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 304 3rd Floor Peninsula Chambers Peninsula Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,605.36 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹138.99 Cr (net margin 8.7%) and EBITDA of ₹249.03 Cr (EBITDA margin 15.5%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 247% over five years.
The company has about 340 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ascenso. As per MCA filings, the company has open charges of ₹1,487.64 Cr and satisfied charges of ₹80.03 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending. The company has 10 deals on record (5 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹489.97 Cr; the latest was in March 2025. The company has 4 MSME Form 1 returns on record between 2019 and 2021, listing 40 overdue payments to 28 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascensotyres.com.
Company details
CIN U25111MH2014PTC257968
Registration Number 257968
Incorporation Date 10 September 2014
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name history
Mahansaria Tyres has undergone 4 name changes throughout its history. The current legal name is Mahansaria Tyres Private Limited.
| Company Name | Status |
|---|---|
| Mahansaria Tyres Private Limited | Current |
| Astra Tyre Industries Private Limited | Previous |
| Keshav Industrial Ventures Private Limited | Previous |
| Keshav Tyres And Industries Private Limited | Previous |
| Keshav Properties Private Limited | Previous |
CIN history
Mahansaria Tyres has one previous CIN (Corporate Identification Number): U70101MH2014PTC257968. The current CIN is U25111MH2014PTC257968, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25111MH2014PTC257968 | Current |
| U70101MH2014PTC257968 | Previous |
Key People
Yogeshkumar Ashokkumar Mahansaria Managing Director Ashokkumar Purushottamdas Mahansaria Director Ashok Bhukhmaria Director Recognitions & Rankings of Mahansaria Tyres
Contact details
Mahansaria Tyres Private Limited's registered office is in Mumbai, Maharashtra. Its website is ascensotyres.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address301 – 304 3rd Floor Peninsula Chambers Peninsula Corporate Park, Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Mahansaria Tyres Private Limited, buy the company report.
Comprehensive company report
Mahansaria Tyres Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Mahansaria Tyres operates one associated brand: Ascenso. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tyres are manufactured for off-highway applications by Ascenso. | ascensotyres.com |
Business activity
The main business activity of Mahansaria Tyres is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Mahansaria Tyres Private Limited, buy the company report.
Financials of Mahansaria Tyres Private Limited
FY 2024 filings availableMahansaria Tyres Private Limited reported revenue of ₹1,605.36 Cr (up 22% YoY) for FY 2025.
Revenue · FY 2025
₹1,605.36 Cr ▲ 22%
Net profit · FY 2025
₹138.99 Cr margin 8.7%
EBITDA · FY 2025
₹249.03 Cr margin 15.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 27%
5 years · compounded
▲ 247%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 106%
5 years · compounded
▲ 117%
Revenue has grown at a compounded annual rate (CAGR) of 247% over five years, including 22% growth in the latest year. EBITDA rose 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹249.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹138.99 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.5% | ||||
| Net Profit Margin | 8.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Mahansaria Tyres Private Limited, buy the company report.
Board of directors of Mahansaria Tyres Private Limited
Mahansaria Tyres has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogeshkumar Ashokkumar Mahansaria Also directs: Torqracers LLP, Massive Impact Eduventures LLP, Sujata Textile Mills Private Limited and 5 more | Managing Director | 21 Aug 2017 | 9 Years 2 Months | Current |
| Ashokkumar Purushottamdas Mahansaria Also directs: Torqracers LLP, Massive Impact Eduventures LLP, Sujata Textile Mills Private Limited and 2 more | Director | 10 Sep 2014 | 12 Years 1 Months | Current |
| Ashok Bhukhmaria Also directs: Reise Mitas Tires LLP | Director | 15 Jul 2021 | 5 Years 3 Months | Current |
| Dhaval Nanavati | Director | 21 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Mahansaria Tyres Private Limited is audited by SINGHI & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGHI & CO. | FY 2024 | 302049E |
Shareholding
The shareholding of Mahansaria Tyres Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahansaria Tyres Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1,487.64 Cr
Satisfied charges
₹80.03 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Mar 2024 | 100889115 | Others | ₹300 Cr | Open | |
| 16 Jan 2024 | 100861863 | Others | ₹4.26 Cr | Open | |
| 19 Dec 2023 | 100841068 | Others | ₹1.5 Cr | Open | |
| 24 Mar 2023 | 100702353 | Axis Bank Limited | ₹36.74 Lakh | Open | |
| 22 Mar 2022 | 100558045 | Others | ₹5.95 Cr | Open |
To see the full charge records of Mahansaria Tyres Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Mahansaria Tyres Private Limited has 10 deals on record (5 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹489.97 Cr; the latest was in March 2025.
Total deals
10
Funding rounds
5
Secondary share transfers
4
Rights issue
1
Disclosed funding
₹489.97 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Mahansaria Family Office |
| Jun 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Mar 2022 | Funding round | ₹15.94 Cr | Investors: International Finance Corporation, Nayar Holdings |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2022 | Funding round | ₹22.42 Cr | Investors: 4 individuals |
To see the full deal history of Mahansaria Tyres Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahansaria Tyres Private Limited has 3 court cases on record: 3 filed by Mahansaria Tyres. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Industrial Development Corporation and 1 other | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 4 others | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 4 others | Disposed |
To see the full case history of Mahansaria Tyres Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Mahansaria Tyres Private Limited was last rated by Icra on 11 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 11 Apr 2022 |
To see the full credit ratings and regulatory alerts of Mahansaria Tyres Private Limited, buy the company report.
MSME payment delays
Mahansaria Tyres Private Limited has 4 MSME Form 1 returns on record between 2019 and 2021, listing 40 overdue payments to 28 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mahansaria Tyres Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mahansaria Tyres has 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Joint ventures
Employees & EPFO
Mahansaria Tyres Private Limited has a workforce of 340 employees on its EPFO records as of Oct 09, 2025, across 2 active EPFO establishments.
Employee count
340
Active EPFO establishments
2
Employee growth
12.96%
GST
Mahansaria Tyres has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCK6222L1ZC | Maharashtra | Active | 09 Jul 2018 |
| 27AAFCK6222L2ZB | Maharashtra | Active | 15 Sep 2020 |
| 24AAFCK6222L1ZI | Gujarat | Active | 01 Sep 2018 |
To see the full GST registrations and return filing status of Mahansaria Tyres Private Limited, buy the company report.
Recent activity
Mahansaria Tyres Private Limited has 13 board changes on record since 2014: 6 appointments and 7 cessations. The latest: Talasu Prasanna Kumar Patro was appointed as CFO on 14 Feb 2025.
Charges
A charge with Others of Rs. 405.00 Cr registered on 24 May 2021 with Charge ID 100451517 was modified on 06 Oct 2025.
Appointed
Talasu Prasanna Kumar Patro was appointed as CFO.
AGM
Mahansaria Tyres Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 05 Dec 2023 via Charge ID 100837172 with Others was fully satisfied on 09 May 2024.
Filing
Mahansaria Tyres Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 300.00 Cr with Charge ID 100889115 was registered on 08 Mar 2024.
Charges
A charge with Others of Rs. 344.85 Cr registered on 19 Nov 2019 with Charge ID 100304726 was modified on 08 Mar 2024.
Charges
A charge with Others amounted to Rs. 4.26 Cr with Charge ID 100861863 was registered on 16 Jan 2024.
Charges
A charge with Others amounted to Rs. 1.50 Cr with Charge ID 100841068 was registered on 19 Dec 2023.
Charges
A charge with Others amounted to Rs. 10.30 Cr with Charge ID 100837172 was registered on 05 Dec 2023.
Ceased
Dhaval Janardan Nanavati ceased to be Additional Director.
Charges
A charge registered on 05 Jul 2021 via Charge ID 100460639 with Others was fully satisfied on 01 Jun 2023.
39 earlier events are in the company report.
News
Frequently asked questions
Mahansaria Tyres is an active private limited company based in Mumbai, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 10 September 2014 (12+ years old) and is registered under CIN U25111MH2014PTC257968.
Mahansaria Tyres has 4 current directors:
- Yogeshkumar Ashokkumar Mahansaria - Managing Director
- Ashokkumar Purushottamdas Mahansaria - Director
- Ashok Bhukhmaria - Director
- Dhaval Nanavati - Director
The latest financial statements of Mahansaria Tyres on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahansaria Tyres is 27AAFCK6222L1ZC, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAFCK6222L2ZB (Maharashtra), 24AAFCK6222L1ZI (Gujarat).
The CIN (Corporate Identification Number) of Mahansaria Tyres is U25111MH2014PTC257968. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahansaria Tyres has 3 court cases on record: 3 filed by the company. 2 are pending.
Mahansaria Tyres was incorporated on 10 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahansaria Tyres has 10 deals on record (5 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹489.97 Cr; the latest was in March 2025.
Talasu Prasanna Kumar Patro was appointed as CFO on 14 Feb 2025. Dhaval Janardan Nanavati ceased to be Additional Director on 21 Sep 2023. Dhaval Janardan Nanavati was appointed as Director on 21 Apr 2023. Mahansaria Tyres has 13 board changes on record in total.
Mahansaria Tyres has 4 MSME Form 1 returns on record between 2019 and 2021, listing 40 overdue payments to 28 micro and small suppliers. The latest return was filed on 01 Nov 2021.
Mahansaria Tyres can be reached through the website ascensotyres.com. Its registered office is in Mumbai, Maharashtra, India.